Reuters - Daily Investor Update

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Thursday, October 5, 2017

Ryanair promises pilots significant improvements in pay, conditions

DUBLIN (Reuters) - Ryanair on Thursday promised its pilots significant improvements in pay and conditions, saying it would exceed rates paid by rivals and improve job security, according to a letter to pilots seen by Reuters.

Costco's quarterly comp sales miss estimates

(Reuters) - Warehouse club retailer Costco Wholesale Corp reported lower-than-expected quarterly comp sales on Thursday, as fewer customers visited its outlets.

Wall Street climbs to records on tax plan optimism

NEW YORK (Reuters) - All three major indexes rose to record high closes again on Thursday, with optimism over a tax overhaul increasing as Congress moved closer to agreement on a budget resolution and as data added to recent signs of economic strength.

Alibaba denies Tsai in deal talks with NBA's Brooklyn Nets

(Reuters) - Chinese internet conglomerate Alibaba Group Holding Ltd denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association.

Global stocks again at peaks, dollar gains on economic optimism

NEW YORK (Reuters) - World stock markets hit fresh highs on Thursday amid investor optimism over U.S. tax reforms and global economic conditions, while the dollar gained as data pointed to solid U.S. growth.

South Africa's Eskom asks McKinsey, Trillian to return $117 million

JOHANNESBURG (Reuters) - South Africa's Eskom has asked consultancy firms McKinsey and Trillian to pay it back 1.6 billion rand ($117 million), saying that an internal inquiry had found that the state power utility's decisions to make the payments were unlawful.

Panel finds U.S. washing machine makers hurt by LG, Samsung imports

WASHINGTON (Reuters) - The U.S. International Trade Commission found on Thursday that surging imports of large residential washing machines harmed domestic producers, a major step toward the imposition of broad duties or quotas on foreign-made Samsung- and LG-brand machines.

Unilever spreads whets private equity appetite as deadline nears: sources

LONDON (Reuters) - Anglo-Dutch consumer group Unilever has invited private equity bidders to submit tentative offers for its $8 billion margarine and spreads business by a deadline of Oct. 19, two sources close to the matter told Reuters.

As Ford pushes into electric vehicles, U.S. union aims to save jobs

DETROIT (Reuters) - The United Auto Workers is talking with Ford Motor Co about ways to avoid layoffs as the No. 2 U.S. automaker builds more electric vehicles, a senior union official told Reuters on Thursday.

EU takes Ireland to court for not claiming Apple tax windfall

BRUSSELS (Reuters) - The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc , a move labeled as "regrettable" by Dublin.